Nvidia's Sales Growth Surpasses 69%
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Nvidia CEO Jensen HuangCNBC
•Technology
Technology
3 key takeaways from Nvidia's earnings: China blow, cloud strength and AI future
77% Informative
Nvidia missed out on $2.5 billion in sales during the April quarter thanks to export restrictions on H20 .
CEO Jensen Huang cited a "sharp jump in inference demand," which the company's Blackwell chips are designed for AI software.
Nvidia expects to sell about $45 billion in chips during the July quarter , but that's missing about $8 billion .
Huang struck a notably more somber tone during the earnings call, focusing heavily on the impact of export controls.
He spoke at length about U.S. chip restrictions and clearly stated how much of an impact the limits have on current and future business.
"The AI race is not just about chips," he said.
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